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The Best Example of How Top Agents Create a Referral Machine

 

Hey guys, have you ever thought about how you're interacting with your Sphere of Influence on social media?

Now, obviously we need to be really smart about this, and every single person that's in our Sphere of Influence, we need to make sure that we're connected with them on Facebook and Instagram and all the other possible places, maybe LinkedIn. And that should be maybe a spreadsheet or a checklist that we're checking that box off.

But let me give you one more idea. It's from a top producer I recently saw and thought it was brilliant:

What this agent did is he built a closed Facebook group for his, what he called VIPs—people that have sent him business or done direct business with him. So referral partners, people that have sent him referrals, or people that have done business go into his closed VIP Facebook group just for them.

And by doing so, he does all kinds of fun things. He runs contests in there where he rewards people for sending him referrals or doing direct business wi...

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Revealed: The REAL Reason Agents Join your Brokerage (Hint: It’s NOT Commissions)

If you're a brokerage owner or team leader, what's the number one reason someone would join your firm?

Often, when I talk to brokerage leaders, they say it’s all about commissions—that’s the driving factor.

But that’s not true. We need to move away from that outdated thinking.

What really drives agents to join a company or team is the potential to close more transactions.

It’s about transaction count, not commissions.

So, how do you build a company or team that focuses on generating leads and helping agents develop leads on their own? Your goal should be to increase each agent’s transaction count, making them one of the highest-performing in your market area.

Here’s an interesting statistic that might surprise you: 50% of all agents in America closed one deal or less last year.

Even if those agents are getting a high commission on that one deal, it’s not enough to support their families. They’re struggling and barely staying in business. What they need isn’t just a higher commis...

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